The Reserve Bank of India (RBI) has instructed online payment solutions firm PayU to simplify its corporate structure and reapply for its initial payment aggregator (PA) licence. “We have received…
Category: Companies
Wipro rolls out record promotions to retain senior executives amid top exits: Report
India’s fourth largest IT services exporter Wipro has rolled out a record number of promotions to retain senior executives, Mint reported on Wednesday. The Bengaluru-headquartered company has promoted 12 top…
Soon, NRIs can use UPI with their international mobile numbers: List of supported countries
Non-resident Indians (NRIs) will soon be able to make payments in Unified Payments Interface (UPI) without having to get an Indian mobile number. The National Payments Corporation of India said…
Vince McMahon reportedly sells WWE to Saudi Arabia’s Public Investment Fund
American professional wrestling promotion WWE is now being sold to Saudi Arabia’s Public Investment Fund, reports claim. The reports have emerged hours after Stephanie McMahon announced her resignation from the…
Bombay HC permits Johnson & Johnson to manufacture and sell its baby powder
The Bombay High Court on Wednesday quashed two orders passed by the Maharashtra government revoking the license of Johnson & Johnson company to manufacture, sell and distribute its baby powder…
Bengaluru-based hospital chain Narayana Hrudayalaya incorporates subsidiary
As a part of its expansion plans, Narayana Hrudayalaya, a domestic chain of multi-speciality hospitals, has incorporated a wholly owned subsidiary –NH Integrated Care Pvt Ltd– with a paid-up capital of Rs 5…
TCS rolls out 100% variable pay to junior employees; mid & senior level staff to get paid based on biz performance
Tata Consultancy Services (TCS), India’s largest IT services exporter, has rolled out 100 per cent variable pay for employees up to C2 grade, while employees above the grade would be…
‘A Mercedes on completing 5 years’: Ashneer Grover’s promise to staff in new startup Third Unicorn
BharatPe co-founder Ashneer Grover has announced his new startup Third Unicorn. The former Shark Tank judge shared details about his new venture on LinkedIn and has invited investors and people…
Unacademy fires 40 employees in subsidiary Relevel; to build LinkedIn competitor NextLevel
Edtech unicorn Unacademy is conducting another round of layoffs as its upskilling platform Relevel is moving away from education business to focus on products pivoting around exam tests and the…
Healthtech start-up Qritive bags $7.5 mn in a Series A round, looks to improve cancer care
Healthcare AI start-up Qritive has raised $7.5 million in a Series A round led by MassMutual Ventures, with participation from SEEDS Capital and Exfinity Venture Partners. The start-up plans to…